Hi Traders,
USDCHF is in a clear down trend. However, we can anticipate a retraction to the 0.328 fib level and possibly the 0.5 fib level which aligns best with structure and coincides with the neckline of the M formation. But first, we need to see a break above the daily resistance.
Lets see how this one plays out. Like this post if you are waiting for a similar set up on this pair.
Remember analyze the charts for yourself and trade with caution.
USDCHF is in a clear down trend. However, we can anticipate a retraction to the 0.328 fib level and possibly the 0.5 fib level which aligns best with structure and coincides with the neckline of the M formation. But first, we need to see a break above the daily resistance.
Lets see how this one plays out. Like this post if you are waiting for a similar set up on this pair.
Remember analyze the charts for yourself and trade with caution.
